Provisions are recognised when the company has a present obligation as a result of past events, and it is
probable that an outflow of resources, that can be reliably estimated, will be required to settle such an
obligation. Provisions are reviewed at each reporting date and are adjusted to reflect the current best
estimate.
Contingent Liabilities may arise from litigation and other claims against the company. There are certain
obligations which management has concluded, based on all available facts and circumstances, are not
probable of payment and are very difficult to quantify reliably, as such obligations are treated as
contingent liabilities and disclosed in the notes but are not reflected as liabilities in the financial
statements.
Contingent assets are not recognised but disclosed in the financial statements when the inflow of
economic benefits is probable.
26. Deferred Tax Accounting :
In the absence of deductable temporary difference, unused tax credits and any unused tax losses as on the end of the
accounting period no deferred tax assets has been recognised.
27. Depreciation has been charged on the composite cost of Land and Building, the value of which could not be segregated.
28. Capital Management:
The following table summarizes the debt equity ratio of the Company -
a) The following Ratios were not applicable to the Company during the years ending 31.03.2024 and 31.03.2023 -
- Debt Equity Ratio and Debt Service Coverage Ratio as there are no Debts.
- Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Net Capital Turnover Ratio as
there was no Inventory/Sales/Purchases.
b) The following are the reasons for change in the Ratios more than 25%:
- Net Profit Ratio (%), Return on Equity Ratio (%), Return on Capital Employed (%) and Return on Investment (%) have
decreased in the Current Year on account of lower profits earned in the Current Year,
30. The Company has no amounts due to suppliers under the Micro, Small & Medium Enterprises as defined under the
Micro, Small & Medium Enterprises Development Act, 2005 (MSMED) as at 31.03.2024. Hence, no additional disclosure have
been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties
have been identified on the basis of information received by the Company.
31. Previous years' figures have been regrouped and rearranged, wherever necessary.
In terms of our report attached of even date
For: S. Ghose &Co. LLP
Chartered Accountants
FRN. 302184E/E300007 ____, j For and on behalf of the Boari
Qi/hy" ,
RITENDEY
Designated Partner 3 ---
Membership No.: 051078
Place : Kolkata 1
Date : 22.04.2024 ^---Company Secretary & CFO Director
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